Which of the following economic theories share(s) the noninterventionist policy conclusions of the original classical theory?
a. The Keynesian theory
b. The monetarist theory
c. The new classicist theory
d. Both b and c
e. All of the above
D
Economics
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Higher deductibles for employer-provided health insurance will tend to shift the ________ curve for medical services to the ________
A) demand; left B) demand; right C) supply; left D) supply; right
Economics
Some economists argue that monopolistically competitive markets are inefficient because:
A. the firms earn economic profits in the long run. B. the firms' marginal costs and marginal revenues are not always equal. C. firms do not produce the output rate that would minimize their average total cost. D. barriers to entry are high.
Economics